Senior Property Accountant at Vaco, LLC
San Francisco, CA
About the Job
Senior Property Accountant
Our client, a prominent company in the real estate and investment sector, is seeking a Senior Property Accountant
This role requires 3 days in the office at San Francisco Bay Area
The position involves supporting the monthly, quarterly, and annual close processes, and providing information for tax accountants and auditors
This is an excellent opportunity for someone who thrives in a dynamic environment and enjoys working on a variety of accounting tasks.
Responsibilities: Daily/Weekly:
Conduct project-level cash analysis.
Review expenditures in NEXUS (AP system) and MRI (GL system).
Respond to internal and external inquiries.
Perform vendor callbacks to verify updates to banking information.
Monthly:
Ensure accounting transactions are recorded in accordance with GAAP.
Prepare calculations of various fees due to the company and third parties.
Record month-end journal entries and facilitate the closing process.
Reconcile balance sheet accounts (cash, AP, AR, etc.).
Maintain the general ledger and update supporting schedules and workbooks.
Ensure timely processing of debt service payments.
Assist Asset Managers with preparing and submitting draw requests to lenders.
Quarterly:
Participate in and assist with the quarter-end close process.
Help prepare quarterly financial statements and investor reports.
Assist with ad hoc reports for Asset Management and lenders.
Annually:
Prepare financial/workpaper support for auditors.
Gather information for financial statement preparation and footnote disclosure for annual audits.
Prepare financial packages for tax accountants and review partnership tax returns.
Respond to tax and audit inquiries.
Additional Responsibilities:
Work directly with the Accounting Manager and Property Controller on ad hoc projects.
Assist in accounting analysis on acquisitions and dispositions.
Involved with JV partners and communications.
Understand and interpret specific legal agreements (LP Agreements, LLC Agreements, Loan Agreements).
Maintain confidentiality of all company procedures.
Follow all company policies and procedures.
Comply with all company training requirements.
Maintain a safe working environment.
Regular attendance is essential.
Maintain a courteous, helpful, and professional attitude.
Perform other duties as assigned in a positive and helpful manner.
Qualifications:
Bachelor’s degree in accounting with a minimum of 3-5 years of accounting work experience
Experience in real estate, private equity, construction, and development is strongly preferred.
CPA or CPA candidate preferred.
System knowledge: MRI, Nexus, Excel (V-Lookups, Pivot Tables)
MRI experience is highly preferred.
Working knowledge of partnership/fund accounting concepts.
Strong interpersonal skills and ability to create a positive work environment for the team.
Highly organized, flexible, and strong follow-through.
Self-starter, highly motivated, deadline and detail-oriented, with a sense of urgency.
Proactive, resourceful, efficient with strong decision-making skills; works independently and exercises good judgment.
Enjoys the challenges of supporting a medium-sized department.
Expert-level written and verbal communication skills; must possess high-level professionalism and strong communication skills.
Ability to prioritize and manage multiple projects simultaneously and follow through on issues in a timely manner.
Ability to interact with staff at all levels and personality types in a fast-paced environment, sometimes under pressure.
Detail-oriented, quick learner, and problem-solver with an active, curious intellect.
Ability to remain in a stationary position for 75% of the time working on a computer and attending virtual meetings.
Occasionally move about the office to access file cabinets, office technology, and attend meetings.
Compensation:
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs
With that said, as required by local law, Vaco believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure: $110K - $120K per year.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals
As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations
If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact
Vaco also wants all applicants to know their rights that workplace discrimination is illegal
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity
You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications
You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application
In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies
California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
Virginia residents may access our state specific policies here.
Residents of all other states may access our policies here
Canadian residents may access our policies in English here and in French here.
Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
the individual’s skill sets, experience and training;
licensure and certification requirements;
office location and other geographic considerations;
other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure
The individual may also be eligible for discretionary bonuses.
Our client, a prominent company in the real estate and investment sector, is seeking a Senior Property Accountant
This role requires 3 days in the office at San Francisco Bay Area
The position involves supporting the monthly, quarterly, and annual close processes, and providing information for tax accountants and auditors
This is an excellent opportunity for someone who thrives in a dynamic environment and enjoys working on a variety of accounting tasks.
Responsibilities: Daily/Weekly:
Conduct project-level cash analysis.
Review expenditures in NEXUS (AP system) and MRI (GL system).
Respond to internal and external inquiries.
Perform vendor callbacks to verify updates to banking information.
Monthly:
Ensure accounting transactions are recorded in accordance with GAAP.
Prepare calculations of various fees due to the company and third parties.
Record month-end journal entries and facilitate the closing process.
Reconcile balance sheet accounts (cash, AP, AR, etc.).
Maintain the general ledger and update supporting schedules and workbooks.
Ensure timely processing of debt service payments.
Assist Asset Managers with preparing and submitting draw requests to lenders.
Quarterly:
Participate in and assist with the quarter-end close process.
Help prepare quarterly financial statements and investor reports.
Assist with ad hoc reports for Asset Management and lenders.
Annually:
Prepare financial/workpaper support for auditors.
Gather information for financial statement preparation and footnote disclosure for annual audits.
Prepare financial packages for tax accountants and review partnership tax returns.
Respond to tax and audit inquiries.
Additional Responsibilities:
Work directly with the Accounting Manager and Property Controller on ad hoc projects.
Assist in accounting analysis on acquisitions and dispositions.
Involved with JV partners and communications.
Understand and interpret specific legal agreements (LP Agreements, LLC Agreements, Loan Agreements).
Maintain confidentiality of all company procedures.
Follow all company policies and procedures.
Comply with all company training requirements.
Maintain a safe working environment.
Regular attendance is essential.
Maintain a courteous, helpful, and professional attitude.
Perform other duties as assigned in a positive and helpful manner.
Qualifications:
Bachelor’s degree in accounting with a minimum of 3-5 years of accounting work experience
Experience in real estate, private equity, construction, and development is strongly preferred.
CPA or CPA candidate preferred.
System knowledge: MRI, Nexus, Excel (V-Lookups, Pivot Tables)
MRI experience is highly preferred.
Working knowledge of partnership/fund accounting concepts.
Strong interpersonal skills and ability to create a positive work environment for the team.
Highly organized, flexible, and strong follow-through.
Self-starter, highly motivated, deadline and detail-oriented, with a sense of urgency.
Proactive, resourceful, efficient with strong decision-making skills; works independently and exercises good judgment.
Enjoys the challenges of supporting a medium-sized department.
Expert-level written and verbal communication skills; must possess high-level professionalism and strong communication skills.
Ability to prioritize and manage multiple projects simultaneously and follow through on issues in a timely manner.
Ability to interact with staff at all levels and personality types in a fast-paced environment, sometimes under pressure.
Detail-oriented, quick learner, and problem-solver with an active, curious intellect.
Ability to remain in a stationary position for 75% of the time working on a computer and attending virtual meetings.
Occasionally move about the office to access file cabinets, office technology, and attend meetings.
Compensation:
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs
With that said, as required by local law, Vaco believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure: $110K - $120K per year.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals
As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations
If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact
HR@vaco.com
.Vaco also wants all applicants to know their rights that workplace discrimination is illegal
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity
You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications
You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application
In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies
California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
Virginia residents may access our state specific policies here.
Residents of all other states may access our policies here
Canadian residents may access our policies in English here and in French here.
Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
the individual’s skill sets, experience and training;
licensure and certification requirements;
office location and other geographic considerations;
other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure
The individual may also be eligible for discretionary bonuses.